Vendor failure can seriously impact business operations and result in financial loss.
Organisations typically only perform vendor risk assessments at an initial engagement. Vendor risk profiles can change rapidly and when they do, need addressing as a matter of urgency. Restructures, takeovers, legal disputes or financial stress are all cause for concern and need monitoring on an ongoing basis.
Our aim with this guide is to educate on:
- Identifying your vendor risk
- Mitigate your vendor Risk
- The benefits of VRM
- Examples of Alerts and more